Traders work at the New York Stock Exchange on October 30 as a screen shows Federal Reserve chairman Jerome Powell’s news conference after the announcement of a third rate cut. Photo: Reuters
David Brown
Opinion

Opinion

Macroscope by David Brown

What the US, China and the rest of world need now is even more Fed stimulus

  • The US central bank is cutting interest rates and buying short-term Treasury bills with the aim of supporting the economy. This should give China more room to ease policy and stabilise the yuan, taking some heat out of the trade war

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Traders work at the New York Stock Exchange on October 30 as a screen shows Federal Reserve chairman Jerome Powell’s news conference after the announcement of a third rate cut. Photo: Reuters
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